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that just covers today's deficit does not touch the $30 trillion unfunded liability. >> it is the attention of the people. everybody can take advantage same thing with medicare. john: what if we phase out the unsustainable entitlements letting the young people opt out? from paul propose that. >> would you consider opting out of the whole system under one condition that you pay 10 percent of your income but you take care of yourself and don't ask the government for anything. [cheers and applause] john: he got a standing ovation. >> that is the liberty to star in the streets as an elderly person? >> i am responsible for myself. >> we're doing real-time experiment you can see the for a 1k programs they have been pretty much a failure. there is a lot of the tax breaks that go to the rich. john: people have been since they can control. >> they are not saving even enough basically and it is difficult for people to save that way. >> people suffer. a bunch of towns have already gone bankrupt one was pritchard alabama. john: recently retired from the fire department after working 35 years. he hoped
that just covers today's deficit does not touch the $30 trillion unfunded liability. >> it is the attention of the people. everybody can take advantage same thing with medicare. john: what if we phase out the unsustainable entitlements letting the young people opt out? from paul propose that. >> would you consider opting out of the whole system under one condition that you pay 10 percent of your income but you take care of yourself and don't ask the government for anything. [cheers...
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Feb 27, 2014
02/14
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but it gets better, how much would this reduce the deficit? because we all know nothing animates the republican party more than reducing the deficit. what's that you say? oh, it would increase the deficit by $74 billion over 10 years. impossible. of course, this bill is not going to become law. it is very instructive as a reminder that any actual commitment to legislating our complex business an teen health insurance regime will help create disruptions. the republican strategy to kill obamacare has been to point to the disruptions it has created and it may create and say the end of the world is nye. if they ever got around to implementing their own plan, that would have its own disruptions. this friday, house majority leader eric cantor will meet with leaders to work on putting together what will be billed as the house republican alternative to obamacare. here's my prediction. he could come out of that meeting with two dozen alternatives, but the republican party will actually get behind exactly none of them. not in any real way. that would me
but it gets better, how much would this reduce the deficit? because we all know nothing animates the republican party more than reducing the deficit. what's that you say? oh, it would increase the deficit by $74 billion over 10 years. impossible. of course, this bill is not going to become law. it is very instructive as a reminder that any actual commitment to legislating our complex business an teen health insurance regime will help create disruptions. the republican strategy to kill obamacare...
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Mar 5, 2014
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the white house budget office projects-- the proposals reduce the federal deficit to $564 billion by 20-15--- taking the defict down by about half of what the obama administration inherited. house speaker john boehner criticized the spending increases, and called it the president's "most irresponsible budget yet." radio shack is on shaky ground with investors...the stock fell 17% yesterday after turning in a larger than expected loss for the 4th quarter. the electronics retailer also plans to close up to 1,100 stores. radio shack's ceo admits the company is partly to blame for the dismal holiday earnings. however, he remains confident in the turnaround plan. a week after online exchange mt. gox lost close to a half- billion dollars' worth of bitcoins to hackers, another exchange says the same thing has happened to them flexcoin has shut down, saying that hackers stole all of its bitcoins -- 600-thousand-dollars' worth. these troubles have not negatively affected the value of bitcoins ---just one is still worth about 700-dollars. that price has rallied since the mt gox hack. a judge i
the white house budget office projects-- the proposals reduce the federal deficit to $564 billion by 20-15--- taking the defict down by about half of what the obama administration inherited. house speaker john boehner criticized the spending increases, and called it the president's "most irresponsible budget yet." radio shack is on shaky ground with investors...the stock fell 17% yesterday after turning in a larger than expected loss for the 4th quarter. the electronics retailer also...
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Mar 5, 2014
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and i see a lot of this idea about how we're going to get deficits under control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1 trillion worth over the next year. and i'm wondering, where are the savings? because the president and republicans, too, there were no fair players on this, they reversed what were going to be minor cost of living juchlgts in the last deal. they scrapped that altogether. writes the will for getting this under control? >> two things. i think if you look in the medicare area, the president's budget identifies some additional efficiencieefficienc that are saved, that are cut, not by harming beneficiaries, but by reducing and continue to reduce some of the overpayments to the private insurance companies, by changin
and i see a lot of this idea about how we're going to get deficits under control and in plans in time courtesy of tax hikes, but not a lot of spending cuts. >> well, a couple things. first of all, if you look at this budget, it shows the that the deficits are steadily decreasing, year by year. as you know, we've cut them in half over the last four years. and this budget puts the them on a continuing downward trajectory, number one. >> but they are still relying on tax hikes. $1...
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Mar 4, 2014
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loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely. >>> global markets are rebounding today as investors digest the situation in ukraine. even the dow jones flew out of the gate this morning. alison kosik is over at the new york stock exchange. how much have we bounced back today? >> quite a bit. what a difference a day makes. even the s&p 500 at a record high. the dow up 200 points, 205 points. all 30 stocks in the dow are in the green. very different story yesterday. it was a sea of red. we also saw that turn-around happening overseas, all the way -- there were those down arrows we saw yesterday in europe, asia, russia, they all turned up today. analysts say investors toda
loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely....
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they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on the other hand. and in the meantime, if you ever ask them for a meaningful piece of policy, of governable policy, they have nothing. >> you know the guy's running around a big arena, trying to get to the farthest right. well, they always want to be the hardest rail to the right. take a look at lindsey graham here, who seems oftentimes a reasonable guy, but he is so scared of looking reasonable because it will get him killed in south carolina. on twitter he wrote today, isn't it original? it started with benghazi. when you kill americans and nobody pays a pr
they talk about obsessions with deficits and debt. and then they refuse to raise revenue in any form or fashion. >> advertisement reform with the chained cpi last year. they don't back him when he is trying to do what they say they want to do. >> they predicate their position on ignorance. and nobody actually calling them out. i mean, the sound that you played at the beginning of this segment, that's the -- that's all you need to know about the republican party. on the one hand, on...
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Mar 6, 2014
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the former chelsea striker who likes to reduce the deficit to four wickets for seventy in midfield of the struggles of the home side and that fellow twelve minus ten minutes into stoppage time to control the silks that the dead and lives in their last matches the dramatic world cup playoff win against ukraine in november with am posting the last of the side of the stock if rolls. in four wheel drive front boundary bend several clubs have a fiscal fully authentic admitted that the dap should spend days but sweetie went from provider to goalscorer himself almonds before the break when he called the dutch defence nothing to fully have installed and complete a two goal victory marriott go to school against the run of plates and gemini a fortunate one nil win over chile in the friendly in stuttgart although the headlights and have probably containing the south americans will play host to both poles. it's a sixteenth minute goal proved enough for victory. despite the wind job because your kid will quilt the demonic dramatic improvements before heading to brazil in search of a full welsh cup
the former chelsea striker who likes to reduce the deficit to four wickets for seventy in midfield of the struggles of the home side and that fellow twelve minus ten minutes into stoppage time to control the silks that the dead and lives in their last matches the dramatic world cup playoff win against ukraine in november with am posting the last of the side of the stock if rolls. in four wheel drive front boundary bend several clubs have a fiscal fully authentic admitted that the dap should...
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address income inequality and further reduce the national deficit. the president's sixth budget will also provide more resources and money toward climate change initiatives and regulating wall street. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> john boehner calls the president's budget his most irresponsible budget yet. while paul ryan gets on the record saying, quote, this budget isn't a serious document. it's a campaign brochure. >>> over marriage equality, governor steve basheer plans to hire outside counsel. hours earlier, it was an emotional attorney general, jack conway, refusing. he said the appeal this ruling would just be defending discrimination. >> in the end, this issue is really larger than any single person. it's about placing people over politics. for those who disagree, i can only say that i'm doing wh
address income inequality and further reduce the national deficit. the president's sixth budget will also provide more resources and money toward climate change initiatives and regulating wall street. >> our budget is about choices. it's about our values. as a country we've got to make a decision if we're going to protect tax breaks for the wealthiest americans or make smart investments necessary to create jobs and grow our economy and expand opportunity for every american. >> john...
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Mar 6, 2014
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their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016 and it will be 531. gee have to look at these numbers. give the president and this administration some credit. i have been pretty tough on them. give them some cd. they did something else. they did something that bass wa positionti positive. but you are never going to give any credit to anybody except the pat on the back at the christmas party. superintendant th isn't that wonderful? >> does this plan raise the age for social security? >> no, sir. >> does it change the measure of inflation for social security? >> so this administration has managed to reduce the deficit in 2013 below bowles simpson to social security. >> so now w
their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016...
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Mar 4, 2014
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the president is going to miss an opportunity to deal with the debt and deficit and entitlement reform and all of those things. this president likes his government super sized. this budget will never balance. and i think the president wants taxpayers to pay more so that washington can spend more >> what i read is he is asking for million in new spending. does that go anywhere? >> i don't think it does. last time he had a budget, not even any of the democrats voted for it. his policies make it harder to get back to work. >> $17.4 trillion is the debt clock. that is ridiculous. in three years from now, you will be $19 trillion? how is that acceptable to anybody? trying balance a book in washington, d.c. >> what we will see is the fastest growing part of the budget is interest on the debt. the president added $6.9 trillion in the debt. this continues to be a driving issue for the country. you know, we are not going to be able to sustain the safety net with this debt and interest. >> i think the viewers get it, too. what other republican options do we have? >> the options are to say let's
the president is going to miss an opportunity to deal with the debt and deficit and entitlement reform and all of those things. this president likes his government super sized. this budget will never balance. and i think the president wants taxpayers to pay more so that washington can spend more >> what i read is he is asking for million in new spending. does that go anywhere? >> i don't think it does. last time he had a budget, not even any of the democrats voted for it. his...
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what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than you have, and borrow money and that adds to the debts. so they would come down to a 1.6% gdp. the president will raise taxes on a trillion dollars mainly on wealthy people but some middle class as well. it would probably work. but it is a huge controversy from the taxes. ... thank you for taking my call. independent because most of us americans have caught onto the big blame game. , andeach blame each other basically they are on the same team. they have different ways to go about it. my main problem is the epa. we are giving him close to $8 million, and it'll do nothing for us. they let the fracking industry
what is the deficit number in this proposal and define the two. >> guest: deficits are how much the government spends minus how much they raise in revenue. and they are measured in percentage of economy activity. it is around 4% and coming down fast. i think it is estimated to end around 3% and in the 2's next year so that is a big decline from 2010 where it was 10%. so that is progress. as long as the economy is growing faster than 2%, it will be a decline. every year you spend more than...
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in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting worse, not better. so if he takes that out as apparently he'll do businessed on the leaks because it's partisan political year, he's not going to have any can he have deficit reduction. so if that is true, boy, again, this is not responsible.he have deficit reduction. so if that is true, boy, again, this is not responsible. this is not responsive to what is really happening. >> let me bring in congressman van hollen. what we're talking about by far the biggest part of the budget and that is entitlements. last year as part of the budget, the president include
in other words, there was a slight decrease in the deficit. you would hope there would be a significant one. but the only reason there was was because he had a provision in there about a more accurate measure of inflation under the cpi and social security. we now hear that he's actually going to take that out of the budget at a time when social security has a $63 billion shortfall every year, at a time again when we're told by this nonpart sap congressional budget office things are getting...
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the farm bill, one of the things that did that get talked about was the significance reduction in the deficit that comes from passing the farm bill. and i wish we could do immigration because there is another $58 billion to be saved it if we were to pass the immigration bill. so all of these bills are not just bills to deal with an apparent problem, but also have tremendous positive impact on our economy and senator reid is correct, if he could get that money, we've already passed the farm bill, so that money is there and it could be used to offset whatever the costs would be to unemployment. though i don't believe you ought to do that. this is an emergency. you ought to treat it as an emergency and not worry about finding a way to pay for it at this particular jupncture. >> dent partment of health and human services has told americans if they like their health insurance, they can keep it another two years. affordable care act compliance is being changed, be extended. doesn't this cut to the spirit of the what you and break it dolaw and break it down is this one rope we passed health care is
the farm bill, one of the things that did that get talked about was the significance reduction in the deficit that comes from passing the farm bill. and i wish we could do immigration because there is another $58 billion to be saved it if we were to pass the immigration bill. so all of these bills are not just bills to deal with an apparent problem, but also have tremendous positive impact on our economy and senator reid is correct, if he could get that money, we've already passed the farm...
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in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came from increased revenue. yet the mantra from the administration continues: more revenue and higher taxes along with ever-more spending. one can only wonder where job creation falls into the mix, if it does at all. since president obama came into office, we've heard a lot of talk about his laser-like focus on job creation. however, the record of this administration suggests that this focus is more on growing government than on growing our economy. we've seen the failed stimulus, obamacare, and initiatives like dodd-frank, all of which have expanded the size and scope of th
in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came...
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Feb 28, 2014
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the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is always the best way to do it. that happened during the boom period of the clinton years, what a lot of people have been hoping would happen once we got past the fiscal headwinds in washington, that we get back on a growth path. what's interesting, though, there is actually a cbo study out looking at the longer term impact on budget deficits. and we have to keep growing faster in order to keep it down. we go back to a 2% economy, those numbers will tick right back up. so the jury is still out on this. >> because that cbo report that came out the other day, it said right no
the federal deficit was $680 billion in the last fiscal year. that's down from about $1.1 trillion the previous year. cnn global economic analyst, managing editor of "time" magazine. so it's a dramatic -- about 15% drop in the deficit, which is still high, but a lot less than it used to be. what happened? >> well, in short, the country's growing again. we have been in a recovery for the last year. hasn't felt like one to a lot of people, but growing your way out of a deficit is...
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there is a trust deficit here. when kerry asked if he trusted putin, he said, wolf, there is some value in putin and that's why you keep hearing from u.s. officials they are going to keep watching what russia does this weekend. we know they are watching closely from the air, from the ground to see if the troop movements amount to anything where they go into the country. >> reminds me sort of the worlds of ronald reagan's in the '80s, trust but verify. >> that's right. john kerry says verify, verify, and then verify. >> the situation is tense. jim sciutto, thank you very much. more on the rising tensions in the u.s. but just ahead, former chris christie aides contain new information about the bridscand and they are sparking new outrage. in fact, they depend on a unique set of nutrients. [ male announcer ] that's why there's ocuvite to help protect your eye health. as you age, your eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite is a vitamin made just for your eyes from the eye care
there is a trust deficit here. when kerry asked if he trusted putin, he said, wolf, there is some value in putin and that's why you keep hearing from u.s. officials they are going to keep watching what russia does this weekend. we know they are watching closely from the air, from the ground to see if the troop movements amount to anything where they go into the country. >> reminds me sort of the worlds of ronald reagan's in the '80s, trust but verify. >> that's right. john kerry...
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a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning. point number two, if a child can't read well by the time he's in third grade, he's four times less likely to graduate from high school by age 19 than one who can. and if he happens to be poor, he's six times less likely to graduate. so by boosting reading levels, we can help more of our kids make the grade. keep on advancing. reach that day that so many parents dream of coming close and then you start tearing up and that's when they are walking across that stage holding that diploma. number three, we know that latino kids are almost twice as li
a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning....
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Mar 4, 2014
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and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking with russia? ofis there a lack communication there? >> certainly, they are members and are represented at the executive board my and executive director. i am sure that there is communication. but the important point here is the technical analysis of what is needed to put ukrainian economic policy in a sustainable and positive mode. then to arrange the financing necessary to make the implementation practical. you so much.k greatly appreciate that from our washington news bureau this morning. really talking about the clamps that have to be placed down in the process. >> w
and results in a very large balance of payments deficit. these have to be fixed. they are fixable. that is the first order of business. >> imf headlines? >> this is from the u.s. treasury, announcing their assistance plans, the $1 billion loan guarantee is planned and they plan to send technical advisers to the ukraine, saying the treasury will be at the center of international aid and the plan will live to the russian tree move. >> would you presume that the imf is speaking...
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the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive big. till they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that and yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to beat them at all right more of tonight's big picture politics panel right after the break. got a code for years that's pretty tough. stay with substory. but if this guy like you would smear that guy stead of working for the people most issues the mainstream media are working for each other bribe writers vision to find . a good writer. if it was a. very hard to take. once again to come on here there's a play by patton that had sex with her thick hair cut this. if it was safe. safe. if . welcome back with me for tonight's big picture politics panel our sam sax and ben cohen guys let's get back to it all right tomorrow is primary day in texas and for the first time in a while democrats actually hav
the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive big. till they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that and yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to beat them at all right more of tonight's big picture politics panel right after the break. got a code...
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generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a budget that's more about firing up the base in an election year than about solving the nation's biggest and most persistent long-term challenges >> woodruff: congressman paul ryan, the house budget chair, likewise called the obama plan a disappointment. in a statement, he said: >> woodruff: ryan offered an extensive critique yesterday of federal anti-poverty efforts. he's expected to release a republican budget proposal in the coming weeks. >> woodruff: some of the more notable pieces of the president's proposal, and expected to show up in the republican alternative, are the different approaches to poverty
generations without leaving them a mountain of debt. >> woodruff: the 2015 deficit would decline, to $560 billion, but republicans today said the red ink, spending hikes and tax increases mean the plan is dead on arrival. senate minority leader mitch mcconnell. >> rather than put together a constructive blueprint the two parties could use as a jumping off point, to get our economy moving and our fiscal house in order, the president has once again opted for the political stunt for a...
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference this morning? is chancellor merkel right that he has lost touch with reality? have you spoken to him personally? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in kiev as we speak, at my direction. he's expressing our full support for the ukrainian people. over the past several weeks, we've been working with our partners an
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class or if we're going to continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it this year and in the years to come as president. thank you very much,...
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here is a look at rain deficit. we had nice rain but we are still nearly 7" below average in san jose, livermore, nearly 8" in sack machine dough and 10" at sfo and 10" at oakland and look at that, 17 in santa rosa. we need six or seven more storms to get average. the visibility is light in santa rosa because we have had the light rain and everyone is okay this morning although the clouds are rolling over us. the day planner the next 12 hours is light rain and middle temperatures from mid-40's to low 50's. the rain will hit the central board of inquiry noon -- the central bay by noon. temperatures top out in the mid-60's inland and mid-to-upper 50's during the evening. we have showers tomorrow morning during the commute and clouds in the afternoon and a mild breeze low 60 to 70 from the coast to inland and another storm on thursday. sue? >> good morning, mike, hello everyone. night light commute so far. if you are traveling mass transit, bart is on time and ace and muni off to a great start. >> there is some floodin
here is a look at rain deficit. we had nice rain but we are still nearly 7" below average in san jose, livermore, nearly 8" in sack machine dough and 10" at sfo and 10" at oakland and look at that, 17 in santa rosa. we need six or seven more storms to get average. the visibility is light in santa rosa because we have had the light rain and everyone is okay this morning although the clouds are rolling over us. the day planner the next 12 hours is light rain and middle...
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Mar 6, 2014
03/14
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. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable corporations in the world to avoid paying taxes by shifting their intellectual property to tax havens. the loopholes that allow the hedge fund managers to be paying half of the tax rate that people who work for them pay. there are some unjustified tax loopholes in this tax code which we should close even if we had no deficit. given the fact we have real needs including security needs, which we much fun -- must fund adequately, there are places we can fund it. $26 billion for defense and 56 billion dollars overall so i hope we take the leap the administration has given us on this budget and fund the full 56 billion
. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable...
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then inflation eleven percent record current account deficit fiscal deficit those expect to be five percent five point two percent growth slowing to its worst in a decade and slower consumer demand you can see that in cars would fell for example for six to eight months even before the taper tantrum. and as a result the central bank they were lowering interest rates before the taper to occur proud and so that was a big shock when we got the taper tension for the for for and ok now that's really interesting because you know while the currency was already sliding it accelerated and the rupee was hitting all time lows that was day after day i believe exactly so india was in big trouble to say the least a big big big trouble and bad loans. they started once they started to climb in indian banks and the fear was a sudden stop in capital flows into the country much needed flows given its huge current account deficit now last august former i am after chief economist rajaraman john i got it i was so nervous i ventured out and he was appointed head of india's central bank and rashaun was one of the f
then inflation eleven percent record current account deficit fiscal deficit those expect to be five percent five point two percent growth slowing to its worst in a decade and slower consumer demand you can see that in cars would fell for example for six to eight months even before the taper tantrum. and as a result the central bank they were lowering interest rates before the taper to occur proud and so that was a big shock when we got the taper tension for the for for and ok now that's really...
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Mar 3, 2014
03/14
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unfortunately for the president, it's that word "credible" where he has a real deficit. he let putin bring him down the garden path on syria, a country that was supposed to have given up all its kemic am weapons by february but has only given up 11% of them. what accountability have we heard demanded by the president. whether it's ukraine, china, syria, where wherever we see him, he just doesn't have what it takes to be taken seriously by foreign leaders. >> is he credible? what do you think? >> i think he's more than credible. for example, if you go back and look at 208 when russia went into georgia, we did nothing. that was at the height of our involvement in iraq and afghanistan. he's got the international community to put sanctions. these aren't going to be the treasury. these have to be international sanctions. nobody, even the harshest critic, wants to put boots on the ground. >> let me give you an example of why i think the credibility thing is a little bit tricky. look at what the president said at one point today. it's remarkable. >> one thing right away is to w
unfortunately for the president, it's that word "credible" where he has a real deficit. he let putin bring him down the garden path on syria, a country that was supposed to have given up all its kemic am weapons by february but has only given up 11% of them. what accountability have we heard demanded by the president. whether it's ukraine, china, syria, where wherever we see him, he just doesn't have what it takes to be taken seriously by foreign leaders. >> is he credible? what...
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Mar 3, 2014
03/14
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you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we don't have the any constitutional blocking points like the 60-vote requirement in the senate or the division of parties in the house between the house and the senate. >> it is interesting, is there a lesson for president obama no matter how liberal you are, you said, here the president's about to present a budget where he's saying look, the deficits are coming down for now. we've got to spend more. we're only going to get the economy going in a meaningful way if we spend more on infrastructure and the loo i can. >> yeah, spend more but in the framework of adjusting your long-term liabilities so we're i
you took a state a lot of people felt was ungovernable, chiefly because of the budget deficit and now there's a surplus. is there a national leadership lesson that california provide? >> you've got to be tough on spending. at the end of the day, fiscal discipline is the fundamental predicate of a free society. and you just have to maintain that. secondly, you do have to find a way to create a governing consensus or coalition. in california, we do have a majority democratic party. and we...
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Mar 5, 2014
03/14
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he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because we're in an election year and that may be why. it's happening nevertheless. i don't know the reasons but he's moving to the left and it makes it hard to bridge to the gap. >> democrats will say they have tried to extend a hand and have not been reciprocated. >> we have a budget agreement. i want to see us build on that success. >> give me a preview of what the paul ryan budget will look like. in years past a lot of the saving have come from overhauling medicare and medicaid. are those proposals include in the paul ryan 2015 budget. >> those programs are going bankrupt and need to be restored, need to be solvent believe these
he cuts the military greatly in my opinion not for deficit reduction but for more domestic spending. it just shows the priorities have moved farther to the left and the point i'm trying to make here we have three years left of this administration and we have divided government. normally in a situation like that you would try to fine common ground, work forward common ground. he's moving away from that and tacked hard to the left. yes you could say that's because we're in an election year and...
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Feb 28, 2014
02/14
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many of those programs focus on personal character traits, which is you have a deficit of hope and a surplus of hurdles. so they try to deal with the hope part of it. they say let's build you up, build this character up because you have all the hurdles to deal with. i say let's do both things as once. you have to deal with the structural problems, all the things we say that are not really getting covered but they are. because if somebody is predatory lending for mortgages and that's disproportionally black people, that is structural racism. that is a structural violence against the black family, against the black community, against black men. every one of those things, whether it be mass incarceration or disproportionate drug arrests or any of that, violence in schools or suspensions of black boys higher ratio. so we have to look at those and call those out for what they are and say, we have to deal with all of those both what the boys need to do differently but what we need to do differently as a society. >> i also want to bring in boyce watkins founder of your black world.com. boyc
many of those programs focus on personal character traits, which is you have a deficit of hope and a surplus of hurdles. so they try to deal with the hope part of it. they say let's build you up, build this character up because you have all the hurdles to deal with. i say let's do both things as once. you have to deal with the structural problems, all the things we say that are not really getting covered but they are. because if somebody is predatory lending for mortgages and that's...
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Feb 28, 2014
02/14
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help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind -- one of the things to bear in mind is that the ukraine is split between the east and west. many people in the west are pro-europe and those in the east are more pro-russia. i think we will have to wait to see what happens with the new government and whether they can forge a national unity before we can start talking about what this will mean for europe. >> thank you very much for joining us and we will continue checking in throughout the day. x and the senior fellow at the peterson institute in washington, d.c. you are looking at
help drop the deficit sharply. that will end the corrupt subsidies to the coal and gas sector. >> where does this leave the eu? this is a country that if it were to become part of the eu would be bringing on a whole a lot of problems. it is effectively another grease type situation in terms of being in debt. eu'soes that leave the feeling toward ukraine knowing if they were to welcome them in, they would be taking on most -- a host of economic problems. ? one of the wings to bear in mind...
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Mar 4, 2014
03/14
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taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the president's budget is not a serious document. it is a campaign brochure. and aides say the soon to be le balance. >> mike emanuel live on the hill, thank you. >>> still ahead, what is the ukraine crisis doing to the u.s. space program. >>> first, the primary season kicks off in texas. it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb
taxes $1.7 trillion, this would be an additional tax increase to largely pay for new spending and not deficit reduction. the top republican on the senate budget committee says he wants to know when the president is going to get serious. >> this budget will not work. it's bad for america. it does not get us off the debt course we're on. it has total flimflam in it. in that it projects that we're going to raise taxes another $1.75 trillion. >> house budget chairman paul ryan said the...
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Mar 5, 2014
03/14
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at a time when our deficit has been cut in half it allows us to meet op gagbligations of future generations without leaving them a mountain of debt. >> the budget will impact the bottom line for most americans for better and also for worse. the earned income tax credit expands eligibility to ages 20-24 and older workers ages 55 to 66. it is to offset payroll and intomorr income taxes but it will close the loophole that is allow higher income workers to avoid similar. my irs it allows them to save retirement. they back savings up to 15,000 and rolls it into a traditional irs. college care tax breaks which would give 1.71 families an average tax cut. this budget like the previous two are certain to take an uphill battle in congress. tough battle ahead for this one. >>> the time is 10 minutes to the top of the hour almost. an experienced pilot gets a rude awakening from one of the passengers. wait until you hear what his note says. >> a baby brought to tears through a sight on tv. >> who this little one can't stand to look at. >> did you recognize it? >> wait to hear that one. >> can't wait to
at a time when our deficit has been cut in half it allows us to meet op gagbligations of future generations without leaving them a mountain of debt. >> the budget will impact the bottom line for most americans for better and also for worse. the earned income tax credit expands eligibility to ages 20-24 and older workers ages 55 to 66. it is to offset payroll and intomorr income taxes but it will close the loophole that is allow higher income workers to avoid similar. my irs it allows them...
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Mar 6, 2014
03/14
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while we have made some progress against the deficit, we have done so not by making these structural reforms to revenues and entitlement programs that would put us on a sound financial footing, but by continuing cuts to the funding that the department of defense and other federal programs need to meet important national priorities. this shortfall requires painful trade-offs and just about every area of the department of defense budget. for instance, the budget proposes significantly lower and strengths for the ground forces including a further reduction of army and active duty strengths with smaller reductions in the guardian reserve. the budget restricts the pay raise for service members below the rate of inflation, freezes pay for general and flag -- freezes pays for general and flag officers, begins a phase reduction in the growth of the housing allowance that will result in service members paying five percent out-of-pocket for housing costs, reduces support to commissaries and makes significant changes to the tri-care benefit. the budget also calls for retiring the air force's a-
while we have made some progress against the deficit, we have done so not by making these structural reforms to revenues and entitlement programs that would put us on a sound financial footing, but by continuing cuts to the funding that the department of defense and other federal programs need to meet important national priorities. this shortfall requires painful trade-offs and just about every area of the department of defense budget. for instance, the budget proposes significantly lower and...
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Mar 2, 2014
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on the hill, folks in the white house can work together to improve the bottom loin when it comes to deficits and spending and taxes and cutting? well, i've read that senator patti murray said the senate will not produce a budget in response to the president's proposal. .i've read that the president's budget is going to largely ignore some of the common ground to fix entitlement programs and the like and be more of a gain document that he and his fellow democrats can run on in november. that's a terrible disservice. this country continues to spend a lot more money than we're bringing in the door. debt continues to rack up. medicare and social security continue to be on an unsustainable path. and the president, the person who is supposed to be in charge of the executive branch of government continues to campaign. but he's not going to be on the battle again. so to say it's a disappointment is a profound understatement. >> all right. senator john cornyn, sir, thank you for your time today. >> thanks, shannon. >>> the situation in ukraine developing minutes by minutes. russian soldiers we're tol
on the hill, folks in the white house can work together to improve the bottom loin when it comes to deficits and spending and taxes and cutting? well, i've read that senator patti murray said the senate will not produce a budget in response to the president's proposal. .i've read that the president's budget is going to largely ignore some of the common ground to fix entitlement programs and the like and be more of a gain document that he and his fellow democrats can run on in november. that's a...
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Mar 4, 2014
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. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. >>> so, sarah palin could see russia from her house, or rather putin's threats. she warned us in 2008 if barack obama wins, his indecision and moral equivalence may spur putin to invade ukraine. she was mocked for it because as you know, she talks funny and stuff. who could forget the debate that obama had a lame joke that poked fun at mitt for calling him a foe. >> russia is a geopolitical foe. excuse me, it's a geopolitical foe, and i said in the same paragraph, i said, and iran is the greatest national security threat we face. russia does continue to
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards...
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Mar 4, 2014
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by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming days to talk about the president spending plan? 11:30.we will see it at it used to be they handed out copies to the press but that has been curtailed. theave been told that historical perspective volume, usually an interesting economic here this week, will have the main budget all human independent, they will be available at 11:30 and then a noontime press conference. andell from west virginia pretty much well-liked on all sides of the aisle will be going to the h
by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually...
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Mar 3, 2014
03/14
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. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards last night. stay tuned for our thoughts on the big show on this big show. your eyes pend on a unique set ofutrients. [ male announcer ] that's why there's ocuvite. ocuvithelps replenish y eye nutrients. ocuvite has a unique formula that's just not found in any leading multivitamin. help protect your eye health with ocuvite. was a truly amazing day.ey,t your eye health without angie's list, i don't know if we could have found all the services we needed for our riley. for over 18 years we've helped people take care of the things that matter most. join today at angieslist.com when jake and i first set out on we ate anything. but
. >> the other thing is how weak the ukrainian government is, they have been running deficits, they have almost no money in their treasury. so what do you need to be strong? you need a good economy, right? >> we solved it all. >> next, mitt romney and sarah palin warned years ago about what is happening in russia today. they were mocked by president obama and others on the whole left. we have the tape. >>> and later, stars, selfies, and slices at the academy awards...
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Feb 28, 2014
02/14
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some of those loopholes as a part of a compromise approach dealing with our media and the long-term deficit challenge is. so yes the president will talk about why it's so important for democrats to advance an agenda that is focused on expanding opportunities for all. and as he has and i have as well it is certainly worth noting in the contrast, and he will again tonight with an agenda that is focused on protecting the loopholes and prerogatives of the wealthiest and the well-connected and again from expanding or protecting the opportunity for a few. >> it sounds like a campaign. when you say opportunit see oppa few yesterday you were saying the chairman proposal has had some good potential to it. >> and they rallied around it. >> the president met earlier this weekend talked about immigration reform. >> obviously the president, like all republican leaders including those running for office themselves, is engaging in political events and he will be supportive in many ways a democrat either running for the reelection or office in this cycle. in the meantime that he is principally focused on a
some of those loopholes as a part of a compromise approach dealing with our media and the long-term deficit challenge is. so yes the president will talk about why it's so important for democrats to advance an agenda that is focused on expanding opportunities for all. and as he has and i have as well it is certainly worth noting in the contrast, and he will again tonight with an agenda that is focused on protecting the loopholes and prerogatives of the wealthiest and the well-connected and again...
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this next system, if we get the forecasted rain of it, it will keep the deficits from growing but won't shrink them at all. day planner, good morning. mainly cloudy. scattered sprinkle, temperatures in the low to mid-50s. by noon a gray day. may be rain following. i don't think much will reach the ground until noon. noon to 4:00, the north bay will see the steadier rain develop. throw mid-60s. during the evening commute, the rest of us get rain. very mild. mid-50s to low 60s. rain will fall heaviest during the evening, early overnight hours. not heavy rain, but the steadiest rain is what i should say. drizzle tomorrow morning. by the afternoon hour, mostly cloudy. low to upper 60s. friday and saturday, high clouds, sunshine, low to mid-60s at the coast. the rest of us flirt with 70 degrees. kristen, eric. >> thank you. >>> next, president obama is heading to connecticut. why he's asking the rest of the united states to follow that example. >>> and the climate issue putting avocados as risk. >>> and new at 6:00, thousands of people go up in flames right here in california, where the post
this next system, if we get the forecasted rain of it, it will keep the deficits from growing but won't shrink them at all. day planner, good morning. mainly cloudy. scattered sprinkle, temperatures in the low to mid-50s. by noon a gray day. may be rain following. i don't think much will reach the ground until noon. noon to 4:00, the north bay will see the steadier rain develop. throw mid-60s. during the evening commute, the rest of us get rain. very mild. mid-50s to low 60s. rain will fall...
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Mar 4, 2014
03/14
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. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly vulnerable. so ptsd can have an effect in how children learn brown. >> brown: according to carrion, up to 30% of children who live in low-income, high poverty neighborhoods will show symptoms of p.t.s.d. for every child in our school who acts out, i can look to something in their life that's not working. every single time there's a concrete and sad story about why this child doesn't get what they need. >> bring your arms up, put your left leg around your knee. >> brown: by teaching children to pay close attention to breathing and movements, the medical student hopes they're better prepared to concentrate. >> the princip
. >> yes, what we can see is there is a deficit in theiar in the ae middle frontal cortex of kids who have ptsd. >> brown: in the developing brain of a child, ptsd can discourage learning. >> so the issue we have with chronic stress, it manifests as a ptsd syndrome or disorder is that some of the areas that are affected are areas that we need for our learning. for example, brain centers that process memory, brain centers that process executive function are particularly...
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Mar 4, 2014
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we've cut a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s sequestrati sequestration. we have a piece coming up that shows nih will be funded at 30.2 billion. that, in real term money, equivalent to the level that george w. bush funded nih in 2002. we're not making people whole. we're lagging pretty badly. but as if you were to look at what republicans are saying, this is the most reckless spending possible. >> sam, on that note, the president say, our budge it is about choices, about values and this is expected to go nowhere, it's a moral document in the most sort of clear fashion from the white house. at the same time, you know, the president puts this out
we've cut a lot of money, in part, due to the sequester, and it's led to lowering and lowering the deficit. if you put that in the context of what the budget proposal suggests, it's only a modest increase in spend, talking about 56 billion, like you mentioned, split between defense, nondefense, and it's paid for. we established that the budget agreed to by patty murray and paul ryan, those spending levels stay in place, and you'll use a few other tax hike is to par for $56 billion to relieve s...
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Mar 4, 2014
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today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,